I don’t know how relevant this is now, but here’s a link to another post where I expressed my thoughts on what kind of pitfalls you might most likely face – https://lemmy.world/post/36867409
By the way, what is this phenomenon on Lemmy? Let’s say people are reluctant to read and comment on old posts published just a couple of days or a week ago, but with new ones, it’s a completely different story. What kind of psychology is this? Or it seemed to me?
UBI is just tax credits, paid by higher debits on others. The $12k/year figure is a net amount received/outlay only for those with no other income. Depending on tax adjustments, an other income figure of $60k to $100k could represent a crossover/breakeven point where at such income levels, it is a net 0 benefit. Those above that income level would pay more taxes than they receive. The higher the UBI, the less it costs, because the higher the UBI, the more programs become useless and should be terminated. But even at $12k, food stamps, other welfare can be eliminated, and clawbacks on SS. At $18k, unemployment insurance eliminate, housing assistance, and bigger clawbacks on SS. Education can be privatized, with public systems collectivized. Program cuts offset overall tax increases/costs. Police budgets can be significantly lowered. And UBI is a better safety net than all of the programs that are cut, in addition to being overall less government discretionary spending and net taxes collected to fund that spending. Carbon taxes can fund freedom dividends, and investment tax hikes are appropriate when investor class gets UBI too. With UBI, sales taxes are no longer “net regressive”. Obviously, all programs designed for evil, are natural candidates for extermination, and UBI funding.
Absolutely no reason to increase deficits with UBI, no matter how high it starts or grows.